ValuEngine Downgrades Centamin (OTCMKTS:CELTF) to Sell

Centamin (OTCMKTS:CELTF) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group raised Centamin from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Goldman Sachs Group raised Centamin from a “neutral” rating to a “buy” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Centamin has a consensus rating of “Hold” and an average price target of $106.00.

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Shares of OTCMKTS CELTF traded down $0.03 during mid-day trading on Thursday, hitting $1.59. 1,070 shares of the company traded hands, compared to its average volume of 6,487. Centamin has a 1 year low of $1.03 and a 1 year high of $1.87. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 26.53 and a beta of 0.37. The business has a 50 day moving average of $1.66 and a two-hundred day moving average of $1.35.

About Centamin

Centamin Plc engages in the exploration, development and mining of precious metals. It operates through the following business segments: Egypt, Burkina Faso, Cote d’Ivoire, and Corporate. The company was founded on March 24, 1970 and is headquartered in Saint Helier, the United Kingdom.